MEETING OF CREDITORS.

Patea Mail, Volume VIII, Issue 1015, 30 March 1883, Page 2

MEETING OF CREDITORS.

A meeting of creditors in the estate of John Armstrong, of Kakaramea, was held at the Court-house on .Wednesday last. Tho following creditors were present : T. North, T. Robson; John Paterson, Chas. Days and J. D. Powdrell. . Mr North was voted to the chair, and on the motion of Mr Days, was also appointed Trustee. In reply to questions, the debtor said :—I made over 11 bullocks, waggon, and dray to Thomas Tapp, about 8 or 9 months back for £155. I have a section on the Skeet Road which ! lease from another party. I pay £l9 every six months for it, and in July next there will be £lO7 to v, pay. I have passed over nothing to ; anyone since February 2, last. 1 I have paid two instalments on the land, but do not hold the license. I buy the land off Graham, and it is to be transferred to me. I lease the land from Del am ore. I paid the instalments at the land office,

and hold the receipts. It will be transformed from Graham to Delaraore. I got £49 for insurance, and drew £49 in February. I did not give a man £2O. I did not tell a man I could not pay for the timber. I went to Days’ clerk for the stuff. There are 100 acres in the section. I have 10s in my banking account, 1 fenced some land in last week. I am quite willing to give up my interest to the creditors. I might have said the land was mine. I was making improvements for my own benefit, because the land was to become mine. I have te pay the instalment in v July. ' Mr Dale sold a section to Chapman. .. It was resolved that the trustee’s remunerarion should be five per cent. It was moved by Mr Robson, seconded by Mr Days and carried, “ That the trustee take legal advice with the view of prosecuting the debtor for fraudulent bankruptcy.” It was resolved to communicate with Captain Wray with a view of preventing the land from becoming the property of the debtor until the creditors are satisfied. The following is a statement of liabilities and assets in the estate ; Liabilities—Tlios. Robson, Normanby, £32 ; Jas. Slater, Kakaramea, £33 ; Cbas. Days, Manaia, £lO ; McCarty and Hunger, £lO ;T. North, £5 15; G. T. Potto, £7 ; C. Symes, £8 ; H. E. P. Adams £8 ; Maliony & Co., £3 10a ; R. A. Adams, £2 14s ; Langley Bros., £4 2s ; R. W. Brodie. Kakaramea, £2 14s ; W. Dale, £2 ; F. Doneghue, £1 15 ; W. McCau), £1 8s ; C. BerCsford, Normanby, £8 10s ; J. Bullman, Manaia, £3 10s ; J. Powdrell, £3 15s ; D. O’Sullivan, £1 5s ; Paterson Bros., £1 3s ; Dr Keating, £2 2s. Assets.—Section 1, Kakaramea, . £25 ; waggon, £l4 ; furniture and clothing, £l2; Tom Tapp, amount due for hire of bullocks till foreclosure of bill of sale, £27 ; H. Mehaffy, £lB 19s ; R. Ei McRae, £ll 15s ; J. Wray, £7 ; F. Baldwin, £1 ; D. McGregor, £1 8s ; cash in Mr Haracrton’s hand, £2B 15s.